Just a little note, I snuck in when the Blog wasn't looking, we are at "THE" point here. We are butting up against the low's from almost two years ago, I remember that low, and the price, because I went all in at almost the exact bottom in July of 06', and sold in November, pure fricking "luck", I know, but it got me almost two years of income, and here it is two years later (that's worth a HAHAHAHAHAHAHAHAHAHA, as you probably get the point here, I need some fricking moola, it's running out). That's a weekly chart above, we are over bought, over loved, over owned, and over hyped, and, SIGH, I "think", we are going up. The daily has room to run, I'm not into to many chart's right now, so I may try to put some thing up this weekend, but I think that commodities like USO, DBA and DBC are getting very close to a "temporary" top, and may pull back, and the Wall Street hypester's may use it to pump the "green shoots" bull shit some more, and drive us higher. This point is really interesting to me, because if we can get through it, we have virtually "clear air" up to about 40 at the minimum, and possibly 41-42, and if the bull shit REALLY get's flowing, maybe up to 46-48. Personally, I'm in the XLK, the long term puts are cheaper (IE, protection for my chicken shit ass), and the monthly call's get more on a percentage basis than the Q's, and they both move exactly the same, as far as the "look", on the charts.
I love points like we are at right now, higher, and we definitely go, aaaaaaaaahhhhhh, HIGHER, and a failure here, probably means we go, aaaaaaaaaahhhhhhhh, LOWER. It doesn't get any better than this.
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